Related Content

More Like This

Show all results sharing these subjects:

  • Social sciences
  • Economics


Show Summary Details



Quick Reference

A reduction in the size of an organization, especially by cutting the number of direct employees. The main purpose of downsizing is to improve profitability by reducing costs, although there may also be gains in both focus and flexibility. Apart from the damage to staff morale, the main danger is that the loss of experienced employees will lead to loss of customers and ‘business memory’. Compare rightsizing.

Subjects: Social sciencesEconomics

Reference entries

View all reference entries »